Is Alexander County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alexander County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Alexander County was a Seller's Market.

Key Takeaway

Alexander County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Alexander County, NC

How much do homes in Alexander County, NC cost?

Median Sold Price

$279,933

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,933(+8.5%)

Key Takeaway

Homes in Alexander County have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Alexander County was $279,933 in October 2024, up 8.5% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$180K
-25.0%
2 $157.6K$211.2K
+34.0%
3 $275K$298K
+8.4%
4 $432.7K$413.2K
-4.5%
5+ $311.4K$875K
+181.0%

Summary: Alexander County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 181%.

Median Sold Price Compared To Nearby Counties

Wilkes County
+9.8%
Alexander County
+8.5%
Caldwell County
+5.2%
Catawba County
+3.6%
Iredell County
+3.4%

Housing Supply in Alexander County, NC

How many homes are available in Alexander County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1181180.0%

Summary: The Alexander County real estate market had 118 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1717
0.0%
3 8080
0.0%
4 1414
0.0%
5+ 66
0.0%

Summary: The Alexander County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1912-36.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alexander County, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Alexander County in October 2024, down by 36.8% month-over-month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.

Days on Market for Alexander County, NC

How long does it take to sell a home in Alexander County, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days61 Days+32.1%

Summary: Homes in Alexander County had an average of 61 days on market in Oct 2024, up by 32.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Alexander County has remained consistent over time.

Summary: During October 2024, 12 homes were sold in Alexander County; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Alexander County, NC

Nearby Markets to Alexander County, NC

What housing markets are near Alexander County, NC?